Group 6 Metals Signs Offtake Agreement Extension
| Stock | Group 6 Metals Ltd (G6M.ASX) |
|---|---|
| Release Time | 24 Mar 2026, 8:52 a.m. |
| Price Sensitive | Yes |
Group 6 Metals Signs Offtake Agreement Extension
- Signed multi-year offtake agreement extension with Traxys Europe S.A.
- Minimum of 10,000 MT of WO3 contained in scheelite concentrates over 6-8 years
- Contract value equates to US$1.75 billion at current APT prices and exchange rates
Group 6 Metals Limited ('the Company', 'G6M') has announced the signing of a multi-year offtake agreement extension with prominent global commodities trading firm, Traxys Europe S.A. ('Traxys'). The extended agreement, which comes into immediate effect, provides significant benefits for both parties and ensures G6M's continuity of access to global tungsten markets through a highly respected and trusted raw materials trading house. Under this agreement, G6M will be delivering to Traxys a minimum of 10,000 MT of WO3 contained in scheelite concentrates over the next several years, with prices linked to spot APT prevailing prices. At current APT prices and AUD/USD exchange rates, the minimum contract value equates to US$1.75 billion over 6-8 years. Group 6 Metals Executive Chairman Kevin Pallas stated that the extension of the offtake agreement commits a significant portion of the company's future tungsten concentrate production to Traxys, and they are excited about the opportunities that such a partnership will bring to their stakeholders. Traxys' CEO Mark Kristoff and Head of the Specialty Metals division, Ioannis Kallinikos, also expressed their commitment to the partnership and the benefits it brings to both companies.
The offtake agreement extension provides for the delivery of a minimum of 10,000 MT of WO3 contained in scheelite concentrates over the next 6-8 years, with a minimum contract value of US$1.75 billion at current APT prices and exchange rates.